PetroTal Corporation Completes The BN 95-4H Horizontal Well On Time

  • Oct 21, 2019 BST
  • Team Kalkine
  • PetroTal Corporation (PTAL) has released an update regarding its processes and production at the Bretaña oil field located in Block 95 in Peru.
  • The company which holds 100 per cent working interest in the well, has not only completed the BN 95-4H horizontal well on time but under budget as well by approximately $3.0 million.
  • The company has used new technology to maximise oil production, and the well’s first four-day production rate was of 6,200 barrels of oil per day, better than management's expectations
  • On 21st October 2019, at the time of writing, GMT 11:44 AM, PTAL shares were trading at GBX 16.75, up by 1.00 points or 6.35 per cent against the previous day closing price.

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